Which of the following would cause a firm's production function to shift upward?
A. Increased training for the firm's workers.
B. An increase in factor costs.
C. An increase in production by the firm.
D. Hiring more workers.
Answer: A
You might also like to view...
Which of the following provides the strongest argument for young people making regular payments into a retirement program that invests these funds in a diverse set of stocks?
a. The prices of stocks tend to fluctuate more than the prices of bonds. b. Over short periods of time, variation in the real rate of return of stocks is greater than bonds. c. When held over lengthy periods like 30 or 40 years, historically, the rate of return on stocks has been both higher and less variable than that of bonds. d. Lower interest rates will lead to higher bond prices.
Starting from long-run equilibrium, a large decrease in government purchases will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. expansionary; lower; potential B. expansionary; higher; potential C. recessionary; lower; potential D. recessionary; lower; lower
Figure 11-2
Which graph in Figure 11-2 best reflects a supply-sider's view of the impact of an increase in the personal income tax rate?
a.
1
b.
2
c.
3
d.
4
The fact that many corporations use debt financing as well as equity financing creates all of the following except:
A. consistently lower debt-to-equity ratios. B. greater risk for the stockholders. C. the opportunity for a greater expected return for the stockholders. D. leverage for the stockholders.